Metals News
[Al] CBI Morning Review - 2008/12/24 Aluminum Market
smm insight
Dec 7,2009

SHANGHAI, Dec. 24 (CBI China) -- Continued weak economic data suppressed market confidence seriously, the majority of base metals fell under the leadership of copper, while LME aluminum showed some resilience, overnight three-month LME aluminum closed at USD 1,560/mt, unchanged from the previous day, the premium fell to USD 33.5/mt, the inventories continued to increase by 34,650 mt to 2,232,600 mt. Domestic SHFE aluminum remained fluctuations with the concerns about the reserve news recently. However, the prices rebound was very limited stimulated by the favorable news, and the decline in prices after the news is absorbed should be avoided.

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